Telemus Capital buys $3,445,697 stake in Apollo Investment Corp. (AINV)

Apollo Investment Corp. (AINV) : Telemus Capital scooped up 52,830 additional shares in Apollo Investment Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. The investment management firm now holds a total of 578,137 shares of Apollo Investment Corp. which is valued at $3,445,697.Apollo Investment Corp. makes up approximately 0.38% of Telemus Capital’s portfolio.

Other Hedge Funds, Including , Eqis Capital Management boosted its stake in AINV in the latest quarter, The investment management firm added 15,934 additional shares and now holds a total of 38,266 shares of Apollo Investment Corp. which is valued at $228,065. Apollo Investment Corp. makes up approx 0.01% of Eqis Capital Management’s portfolio.

Apollo Investment Corp. opened for trading at $5.82 and hit $5.88 on the upside on Tuesday, eventually ending the session at $5.86, with a gain of 0.51% or 0.03 points. The heightened volatility saw the trading volume jump to 5,39,021 shares. Company has a market cap of $1,319 M.

On the company’s financial health, Apollo Investment Corp. reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 5, 2016. Analyst had a consensus of $0.19.Analysts expectations of $ 84.30.During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Apollo Investment Corp.. Apollo Investment Corp. was Downgraded by BofA/Merrill to ” Underperform” on Jul 8, 2016.

Apollo Investment Corporation (Apollo Investment) is a closed-end externally managed non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation. The Company invests primarily in various forms of debt investments including secured and unsecured debt loan investments and/or equity in private middle-market companies. It may also invest in the securities of public companies and structured products such as collateralized loan obligations (CLOs) and credit-linked notes (CLNs). It invests in middle-market which include companies with annual revenues between $50 million and $2 billion. It may also invest a portion of the portfolio in other investment opportunities including foreign securities and structured products. Apollo Investment Management L.P. is the Company’s investment adviser.

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